Answer:
D. Cash is debited $5,000; capital is credited $5,000.
Explanation:
The action by Mr. Peabody will increase both cash and capital accounts by $5000 each. As per the accounting equation,( Assets = owners equity + liabilities) cash and capital are on the opposites sides. Cash is an asset, while capital is equity.
An increase in an asset is a debit, while an increase in capital is credited. In this case, the cash account will be debited by $5000, while the same amount will credit the capital account.
Answer:
The law of diminishing marginal utility says that the marginal utility from each additional unit declines as consumption increases. 1. The marginal utility can decline into negative utility, as it may become entirely unfavorable to consume another unit of any product.
Answer:
The economic downturn is a factor beyond her control.
Explanation:
In the given scenario Selena's monthly sales have declined and she received a bad performance rating.
The decline was due partly to an economic recession and also due to the fact that her mother has been in the hospital (personal reasons).
If the wants to contest the ratings she will not use the personal challenge she had since she did not report it to take time off from work.
However she can state that the economic downturn is a factor beyond her control so this should be considered in her performance rating.
Answer:
False
Explanation:
Extrapolative expectations refer to an expectation in which there is a continuation of trend that means if the price of a property rises, then the demand is also rising and it pushed for more prices also there is a condition when the price is falling so it would also decrease in the market supply also it pushed out down
So the given statement is false
Answer and Explanation:
The computation is shown below:
a. The final amount she will have on deposit is
Future value = Present value × {(1 + interest rate)^number of years - 1} ÷ interest rate
= $11,000 × {(1 + 0.05)^15 - 1} ÷ 0.05
= $11,000 × 21.57856359
= $237,364.20
b. The amount at 4% is
Future value = Present value × {(1 + interest rate)^number of years - 1} ÷ interest rate
= $11,000 × {(1 + 0.04)^15 - 1} ÷ 0.04
= $11,000 × 20.02358764
= $220,259.46
c. The losing amount in case when she used her brother-in-law's bank is
= $237,364.20 - $220,259.46
= $17,104.74
We simply applied the above formula
